Common use of Passage of Title and Risk of Loss Clause in Contracts

Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss with respect to the property and rights to be transferred hereunder shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to Buyer.

Appears in 8 contracts

Samples: Asset Purchase Agreement (Tangoe Inc), Asset Purchase Agreement (Tangoe Inc), Asset Purchase Agreement (Open Solutions Inc)

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Passage of Title and Risk of Loss. Legal title, equitable title, Title and risk of loss with respect to the property Assets and rights to be transferred hereunder shall not pass to Buyer until the property Assets or right is transferred at the Closing and possession thereof is delivered to Buyerhereunder.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Nautilus, Inc.), Asset Purchase Agreement (Nautilus, Inc.), Asset Purchase Agreement (Nautilus, Inc.)

Passage of Title and Risk of Loss. Legal title, equitable title, and risk of loss with respect to the property and rights to be transferred hereunder shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to BuyerClosing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ev3 Inc.), Asset Purchase Agreement (Ev3 Inc.)

Passage of Title and Risk of Loss. Legal title, equitable title, title and risk of loss with respect to the property and rights to be transferred hereunder shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to Buyer.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Medix Resources Inc), Asset Purchase Agreement (Ramp Corp)

Passage of Title and Risk of Loss. Legal title, equitable title, title and risk of loss with respect to the property and rights to be transferred hereunder Purchased Assets shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof (in the case of tangible assets) is delivered to Buyer.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Neoforma Inc), Asset Purchase Agreement (I Many Inc)

Passage of Title and Risk of Loss. Legal title, equitable title, title and risk of loss with respect to the property Assets and rights to be transferred hereunder shall not pass to Buyer Purchaser until the property or right is transferred at the Closing and possession thereof is delivered to Buyerhereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (CurAegis Technologies, Inc.)

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Passage of Title and Risk of Loss. Legal title, equitable title, title and risk of loss with respect to the property and rights to be transferred hereunder Purchased Assets shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to Buyer.. 28

Appears in 1 contract

Samples: Asset Purchase Agreement (Mobilepro Corp)

Passage of Title and Risk of Loss. Legal title, equitable title, title and risk of loss with respect to the property and rights to be transferred hereunder shall not pass to Buyer until the property or right is transferred at the Closing hereunder; provided, however, that if any loss of any of the Purchased Assets occurs between the date hereof and possession thereof is delivered the Closing, and if Buyer proceeds with the Closing without reduction of the Purchase Price on account of such loss, Buyer shall be entitled to Buyerthe proceeds of any insurance payable with respect to the loss of such Purchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ceco Filters Inc)

Passage of Title and Risk of Loss. Legal title, equitable title, title and risk of loss with respect to the property and rights to be transferred hereunder Purchased Assets shall not pass to Buyer until the property or right is transferred at the Closing and possession thereof is delivered to Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mobilepro Corp)

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